Download A year has passed since the landmark deadline of December 2006, which was ‘publicly’ imposed by the IMF, the Iraqi Study Group (ISG), the US administration and the International Oil companies (IOCs) on the Iraqi government to deliver the long awaited Iraqi oil law. But it still seems that we are no closer today to seeing the new law approved than we were back in Decem
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Read MoreKey Messages: • The Government expenditure for 2013 totals IQD 138.4 Trillion ($ 118.3 Billion), with an increase of 18% over 2012 and exceeding 70% of GDP. The budget has three main headings: Energy, Security / Defense and Social Services, accounting for 21%, 14%, and 13% respectively of total budget. • Investment Expenditure represents 40% (IQD 55.1 Trillion
Read MoreDownload Iraq has proven oil reserves of 118 billion barrels and this could be increased by up to 235 billion barrels. Iraq also has 78 trillion standard cubic feet of gas reserves which could also be increased by up to 110 trillion standard cubic feet through enhanced recovery and exploration. The Iraqi Deputy Prime Minister Barham Salih stated that new exploration showed tha
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